SRS Capital Advisors Inc. Buys 8,574 Shares of First Trust Indxx Medical Devices ETF (BATS:MDEV)

SRS Capital Advisors Inc. boosted its stake in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 262.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,842 shares of the company’s stock after purchasing an additional 8,574 shares during the quarter. SRS Capital Advisors Inc. owned about 0.12% of First Trust Indxx Medical Devices ETF worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

First Trust Indxx Medical Devices ETF Price Performance

First Trust Indxx Medical Devices ETF stock traded up $0.17 during midday trading on Friday, reaching $20.35. The company’s stock had a trading volume of 470 shares. The stock’s 50-day simple moving average is $20.80 and its 200-day simple moving average is $19.71. The firm has a market capitalization of $3.05 million, a PE ratio of 37.01 and a beta of 0.92.

First Trust Indxx Medical Devices ETF Profile

The First Trust Indxx Global Medical Devices ETF (MDEV) is an exchange-traded fund that is based on the Indxx Global Medical Equipment index. The fund tracks an equal-weighted index that gives global exposure to the medical equipment industry. MDEV was launched on Jun 22, 2021 and is managed by First Trust.